Congress Park Capital LLC Acquires New Position in Liberty Media Corporation - Liberty Live Series C $LLYVK

Key Points

• Congress Park Capital LLC has acquired a new position in Liberty Media Corporation - Liberty Live Series C by purchasing 12,605 shares valued at approximately $1,023,000 in the 2nd quarter.
• Institutional investors collectively own 60.36% of Liberty Media's shares, with several others, like Northwestern Mutual and Versant Capital, significantly increasing their stakes.
• Liberty Media's stock was recently upgraded to a "hold" rating by Zacks Research, and the company reported a loss of ($1.93) EPS for the last quarter, missing estimates by a notable margin.

Congress Park Capital LLC acquired a new position in shares of Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,605 shares of the company's stock, valued at approximately $1,023,000.

A number of other hedge funds have also bought and sold shares of LLYVK. Northwestern Mutual Wealth Management Co. increased its stake in Liberty Media Corporation - Liberty Live Series C by 203.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 458 shares of the company's stock valued at $31,000 after purchasing an additional 307 shares in the last quarter. Versant Capital Management Inc increased its stake in Liberty Media Corporation - Liberty Live Series C by 410.9% during the 1st quarter. Versant Capital Management Inc now owns 751 shares of the company's stock valued at $51,000 after purchasing an additional 604 shares in the last quarter. State of Wyoming acquired a new position in Liberty Media Corporation - Liberty Live Series C during the 1st quarter valued at approximately $54,000. PNC Financial Services Group Inc. increased its stake in Liberty Media Corporation - Liberty Live Series C by 15.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,592 shares of the company's stock valued at $108,000 after purchasing an additional 214 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Liberty Media Corporation - Liberty Live Series C during the 1st quarter valued at approximately $121,000. Institutional investors and hedge funds own 60.36% of the company's stock.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Liberty Media Corporation - Liberty Live Series C to a "hold" rating in a report on Tuesday, September 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold".

Liberty Media Corporation - Liberty Live Series C Stock Performance

NASDAQ LLYVK traded up $0.33 during mid-day trading on Tuesday, reaching $97.88. 96,563 shares of the stock were exchanged, compared to its average volume of 390,160. The company has a market capitalization of $8.99 billion, a P/E ratio of -31.31 and a beta of 1.41. Liberty Media Corporation - Liberty Live Series C has a 1 year low of $43.41 and a 1 year high of $102.62. The business's 50 day moving average is $91.70 and its 200-day moving average is $79.59.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($1.93) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($3.15).

About Liberty Media Corporation - Liberty Live Series C

Liberty Live Group operates in the media, communications, and entertainment industries primarily in North America and the United Kingdom. The company is headquartered in Englewood, Colorado.